BTC Digital announced its strategic shift to Ethereum, which plans to convert all BTC reserves into ETH
Online reports that Nasdaq-listed BTC Digital (BTCT) announced that it fully embraces Ethereum (ETH) as its core asset and operating foundation, and announced that it has purchased US$1 million worth of ETH. The company plans to convert all existing and future holdings of Bitcoin (BTC) into ETH to build a long-term and efficient on-chain asset pool to achieve medium-to long-term growth around the Ethereum ecosystem. The goal is to achieve tens of millions of dollars in ETH reserves by the end of the year and launch a comprehensive ETH pledge program.
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